it's interesting late. last fall but also among brothers involved in the monsoon and since i started working in amman i stated i look at it and feel multi-nationals . a cash cow to be milked dry and if i think that in this country gold medal logie as an environmental cost which is unacceptable local business was labeled illegal and controlled by criminals you know in order to protect our lives our families and to work in peace. most book most but we are forced to pay protection to illegal groups watch prices columbia going to pay. the modest effect on our t.v. . we speak your language. programs and documentaries in arabic it's all here on the t.v.

reporting from the world talks about six of the ip interviews intriguing stories for you here. in triumph of t. arabic to find out more visit our big don't all t.v. dot com. you know how sometimes you see a story and it seems so horrid lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realized everything you thought you knew you don't know i'm trying hard welcome to the big picture.

welcome to business are two banks across the globe are struggling to meet the new strict requirements the so-called basil three rules which are coming into force next year now right down lenders like around four hundred seventy four billion euros and europe's looking worse than anywhere else the clock is ticking away verses are becoming worried that the problems could. let's get more details now from ok see you at the business. world banks have a debt of as i said half

a trillion euros so what is up by one these days well in dollars that's six hundred twenty eight so we're going to take a look and see what that would get you because it really is quite phenomenal because i think putting it into perspective you can see look at that there we google is going to get money just that as for ford search engines are your thing you get fourteen food companies not the most it's forty four nokia's forty four of the second biggest phone companies in the world as well get a phone so if you fancy you get a most valuable company dimitri apple you can get it for five hundred billion you also have a spare one hundred billion to spend on that right so it's a lot of money but why is there such a huge lack of funds for the world that is the problem and it's because they're struggling simple as that i mean we know it's tough times at the moment but they seem to be not being able to come up to the bar in terms of these rules that have

come into play for the basel committee and they said to them they want them to triple the core capital which is quite a substantial amount and it's all come about because of what happened with the lehman brothers back in two thousand and eight they don't want another catastrophic disaster to happen and we know it's still rumbling on now in terms of the financial crisis is to avoid up once again but it seems like it's not working to make. basically the system is failing before actually even launched yes holker start really is and the concerning thing is that the result is the european banks that are the most vulnerable and that's because on their balance sheet they simply have more lives than american banks also if you consider in the european union you've got twenty seven figureheads finance ministers all trying to get their policies across and they haven't managed to come to

a unanimous decision on how they're going to enforce these rules the logistics the the practical notion of it all right so where does the leave the struggling banks and what can be done well the problem is the smaller bangs there's a fear that they will be eaten and that's because there's going to be consolidation going on from the likes of deutsche bank credit suisse all these big banks are eating them up simply because they can't survive under these rules they don't have the taps to do that and interestingly earlier when we spoke to particular he's author of gathering storm and he said just that he's saying that the bigger banks themselves that capital is questionable. it's a curious situation and probably some smaller banks are going to be eaten by big fish but of course the tricky thing is they're actually not the big fish don't look to be terribly well capitalized either of course they're all making huge protestations to say we're beautifully well comfort lies to me don't you bank for instance they've been saying we're we're well and truly on the way to hell from the

this powerful three regulation and then you read today's financial times and there's an allegation about which says that actually they were covering up twelve billion euros worth of losses just after the collapse of the whole bubble in two thousand and two thousand and nine so it's very difficult because actually people don't really trust the banks big or small and that confidence issue is going to be a problem going forward for banks of any size. and it does evidently seem to be being a problem because if we look at the stock markets and the value of the banks save actually gone down the big ones fifty to eighty percent lower than pre crisis is a-levels side not only do they not have the money on the balance of all but simply the not one of the smarts of the law so obviously security measures no order to avoid problems are so far just creating more problems exactly right katie building thank you so much for that all right let's move over to the markets we saw with the united states there are mixed actually right now the positive still farts this is

a regular job with planes report showed a decline of twenty five thousand last week just lowest level in a month apple is however recovering after the biggest one day drop in four years it's up one percent over in europe we've had a second session in a row which was upbeat with the dax gaining more than one percent led by health care for merck they're up free and a half percent each of the close with a bear up as several of its products got approval on the european markets let's move over to currencies it all is indeed gaining ground on that better than expected jobs report and therefore the russian ruble is for the next morning they go against the dollar and gating to the euro russian markets bit of a mixed bag at the end of first day session gazprom one of the biggest losers now it's down one percent investors they're bracing themselves for more billions of dollars in expenses for the company in the gazprom on friday will start building

the south stream pipeline that will bring that will bring russian gas over to europe the twenty billion dollar project is part of the gas now police plan to secure its supplies to the e.u. countries by bypassing ukraine now to get all the details and i thought the chinese guy went to gazprom headquarters and. south stream is definitely gas prom's brainchild but of course a project of this size definitely requires partners and so far they are a state backed bulgarian company as well as italy's any germany's b. s.f. and france's electricity de france so you can really see that it's a huge project and so far so good if it hadn't been for this huge issue really this elephant in the rue that's doggie every pipeline project destined for the european union and that's this so-called third energy package it for bid suppliers from also owning the transportation networks meaning of course the pipelines and that's

exactly what gaspar almost planning on doing in this project so it's not a surprise that gazprom is adamantly against these provisions. the full fields of somebody believes a shock but again should show up and. compete to start a market before the markets are not an expert by applying for its part of the european commission really insists that the south stream owners before launching their pipeline will have to guarantee independent companies unrestricted access to the pipeline i had a chance to discuss this issue with the head of the international energy agency earlier this week i think it's absolutely necessary that the issue is solved turned in. russia's interest in a single market who wants to be a big player on this market so that means that you have to to to play according to

the rules but of course i'm not a negotiator and so it depends on the negotiations between russia and to. you and most independent analysts we speak to also seem to think that regardless of how different the positions may be of the valid. points that both sides might have they will have to come to some kind of an agreement especially considering that they have a couple of years to do it while the consortium members are busy laying down the pipes. reporting there from headquarters moscow finally this out credit suisse one of the foreign pioneers of the russian stock market is now shutting down its investment banking operations in russia the bank will be dismissing fourteen experts as part of the move to its biggest cut since the two thousand and eight financial crisis however the bank says the decision is expense cut driven and russia is no less of an investment priority the operations on capitalizing on

russian business will be continued from credit suisse is london office earlier this year it's an easy unicredit bank and dutch i n g group also close their brokerages in russia. from the business team for now more news after a break with bill to stay with us. the legacy no one should be proud. of scrap metal littering pristine arctic landscape building stilton over their foundation pipes spewing black smoke over the snow covered peaks the traces of the soviet industrial activity on the burgen archipelago don't make a pretty picture the guiding principle here is the worse the better locals like to tell the story that back in soviet times when norwegians were visiting barons were they also on the rise. and how prosperous the settlement was well

times have obviously a challenge where they saw it lags they still attracting a region tourists are barons work i would watch native cash that's why while. our goal is common as was uncovered here a few days ago instead of drawing it that way the local administration decided to paint a venue and put it at variance work central square that can do nine hundred eighty daryn's work was a burgeoning mining community. was determined to maintain its own costs. are located halfway between north america and western europe bergen archipelago is part of norway with a special status that allows other countries to set up industrial bases here in the middle of the cold war it served as the use of western most outposts now it's one of the last preserved relics.

of the soviet union if it was cut off from any financial support for two decades curious interested i think it could be even more appealing for russians trying. to keep its presence on spitsbergen russian film until coal mine here but in terms of profit is far behind local souvenir shops so between. bill it is a big hit the defunct aren't curtain still helps keep the money flowing guys it's the russians doing your show but you can't play rubbles are also. your local administration is increasingly under pressure to bring the infrastructure up to more than standards if these modernization efforts and not very popular with tourist operators if you come into a very authentic place like bond sport i think it should stay the way it is that would be my wish i mean that's the part of the a little you know authentic tradition here. i should not i would not like to have

it in a shiny condition to be on as the time to change even for the better is not always good for business something that even a local band has become attuned to when they try to add morning russian songs to the repertoire the audience called the wanted to hear it was a song comfortably familiar. news continues here on r t one of the one area of america's economy which is thriving is its presence that packed to the rafters with criminals who make up a very lucrative and cheap labor force. he's got

a check on explains businessman spend millions to keep it that way. in the us the market for cheap labor is booming behind bars in the last fifteen years partnership between prisons and private manufacturers has increased significantly there are becoming america's very own chinese style manufacturing line behind prison walls prisons in fact advertise themselves as such as an alternative to outsourcing cheap labor to china or elsewhere on the web we came across this pitch that prisons prepared to persuade private sector companies to come and do business with them take a look. there is not enough folks that will do this type of work in this country so therefore we're bringing bringing back this industry that historically has been going out of this century and we're putting it you know inside the laws and it's it's absolutely a perfect idea. i have a workforce that is not the kind of problems or babysitting center they're always

hearing they're always going to come to learn bring your business or leave a wide variety of industries take advantage of prison labor among many other things prisoners make clothing textiles electronics furniture and even solar panels hundreds of companies have used prison labor directly or through subcontractors including microsoft boeing starbucks tory secret and others by federal tax. rate compensated up to forty percent of the way to. reduce tax payers to be. here and everything. work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or a private one for a minimum wage or for around six dollars a unit cory's a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five different types of

products and services you see the variety listed on. our website they to partner up with private firms now last year unique course revenue nine hundred million dollars as far as private prisons are concerned two of the country's biggest prison corporations made three point three billion dollars last year alone private prisons are created in the new york stock exchange they are for profit companies and the savings that they reap from using inmate labor. go to their bottom line it's money they otherwise don't have to. keep. large prison populations and harsh sentences result the greater profits america's three major private prison companies spend around forty five million dollars over the past ten years on lobbying state and federal governments for supporting immigrant detention mandatory minimum sentences three strikes laws and other legislative measures that contribute to the growth of america's gigantic prison population one can argue about the many

causes and effects of america's skyrocketing incarceration rate but since prisons became a for profit industry in the us thirty years ago the number of prisoners has gone up dramatically not to say that it was the only cause behind the spike but many argue will support of it and now with the cheap labor market expanding behind american bars one is wondering whether the justice system in the u.s. is adopting market values in washington i'm going to check out. on a web site the cable t.v. company which wants to know you better much better for the common john files a patient for equipment that will be watching you while you watch t.v. it's all designed to better target you with advertising. plus the tourists but still in business the u.s. security company formerly known as blackwater wins a multi million dollar deal to hell as u.s. troops in afghanistan had to come for all the details on the.

hundreds of antiwar activists have protested in london after the u.k. finance minister minister admitted there's to be five more years of a standard for the country demonstrators say it's the budget for war that should be cut rather than welfare kate hudson from the anti cuts coalition of resistance was among the crowds. britain spending nuclear weapons this is not the fundamental issue it's something that the vast majority of the population is that gates currently we are spending three billion pounds a year just on maintaining existing systems we know the government wants to spend one hundred billion pounds on replacing this weapons of mass destruction system. by

fool britain that could buy incredible amounts of investment in really industrial development sustainable energy investment things that would really to regenerate our economy yet the challenge is tinkering around the edges all government needs to address these problems it's elected by the people to provide services for the people to make our country run properly it's not a government that's been elected to help the big corporations we have to see a change here. noughties financial guru has his own unique view on what's in store for britain and you can watch the full program because reporting about an hour from now but here's a quick preview for you. people in the united kingdom most anime have seen your future and your future is scum villages and well babies at a newspaper say will look like this. yes it may have the eyes of a cold hearted lizard but so does your future eating the mud pies of austerity and

not because i think the best name for this baby will be. standing. with this austerity budget and with the celebration all the newspapers are talking about like the baby is going to cost two million dollars a year the first year for clothes just for clothes and yet any of the mothers in england are being told or in the united kingdom are being told we're going to slash your benefits we're going to make sure you're not you know feeding your children too much no no no well a couple points are first of all. it's austerity for the baby stucky the royal. maybe as well they're not going to bore the silver spoon in his mouth is going to be a silver plated. sturdy first ducky baby as well. because a report coming your way to later here on t.v. well i'll be back with more news with the news team in about ten minutes from now this is a t life here in moscow. you

know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything is. i'm tom harpur welcome to the big picture.

of. the gold fever. thousands into slaves. much but also among others involved in the monsoon and since i started working at the moment i stated.

multinationals. cash cow to be milked dry and if i think that in this country metallurgy as an environmental cost which is an acceptable local business was labeled illegal and controlled by criminals you know in order to protect our lives our families and to work in peace. if. we are forced to pay protection to illegal groups prices colombia going to pay. the for the modest effect on our. more news today is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations rule the day.

trimmings in this tree even for specialists a voice can produce several sounds it warms. the art of throat singing comes naturally picked up like a language. a

language of communicating with nature it said that's where throat singing originates from the unions believe not only animals but also all surrounding objects like reverse forests and even stones souls imitating the sounds they believe assumes to capture the power of nature. there are special instruments that accompany the singing of guinea says there is even a legend about his instrument a gill it says once there lived a poor shefford who had the best horse that won every competition but jealous people killed it on the course was revived as an instrument. of stop the fall is because of the spirit of the horse coming to his dream he said make an instrument from a tree the sounding board from the leather of my face the strings to my tail and to remember me make an engraving of my head part of the instrument he did so i called

the instrument again which means come back and this melody only instrument is called cry. to fly as one of the most famous groups in the republic their next goal is to tour peru and they say for you or peons it's difficult to pick up and saying so i ask them to teach me and see if i can do it little you cheerlead up to their work. chen oh you understand that i was sure you would say can come true and was you think gang are ok. but now it is the only and moody part of the song and not the actual scrooge singing which i wouldn't even try to repeat. so maybe you have to be

born here to be able to sing like this i thought so until i met she looks like a deveny and i don't even speak their language but she is from japan. most says to heart and mind that you come from two hundred years ago until sappy here she's not planning a professional singing career but she keeps practicing just because it's become part of her nature. the gold fever. turns thousands into slaves. much faster but also among brotherhood involved in the monsoon and since i started working in amman i stayed here. to nationals. to cash cow to be

milked dry and if i think that in this country gold medal logie as an environmental cost which is unacceptable to local business was labelled illegal and controlled by criminals you know in order to protect our lives our families and to work in peace . most book most but we are forced to pay protection to illegal groups watch prices colombia going to pay. the people. of the modest effect on r.t. . to least be told language. programs and documentaries in arabic it's all here on. reporting from the world's hot spots of a cia p.t. interviews intriguing stories for you here. is the intro.